Scots have less debt and are positive about their finances

Scots have an average unsecured debt of £1,889 — lower than Wales, Northern Ireland or any English regionGetty Images

Scots have the lowest levels of debt in the UK and are among the most confident about their financial future.

The UK Consumer Credit Outlook, compiled by PwC, the accountancy firm, found that after stripping out student loan repayments people in Scotland had an average unsecured debt of £1,889. That was lower than Wales, Northern Ireland or any English region, with London coming at the top of the list with £3,075.

The average overall unsecured debt, which includes credit cards, personal loans and overdrafts, in Scotland was £2,955. Only Wales, with £2,592, posted a lower figure, with London again at the head of the table with £4,797.

Scots were also the most confident, along with those in Wales, of being able to service existing debt…

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